The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1887-12-09


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9reasary. Emnraoang A. ~ fssenees
Yaces nnd riUoree.
WAsurxorou, Nov. A-Ihe Director q
che Mint he's subnisted % ~ 1ecrete.y
q The Treasury HE annual repors ot sne
operations a the nints and assay omcss
Cor Tho fiscal year lc85.
The value o. the gold and sIlver -
eslvsd a. tho mints and sssay onices dur"
Ing The year was greater than - any prs'
vious year since IceI. The value o. tne
gold deposited wss $6&2ss: on - sdd,.
tion there we're rsdeposiss Of shs value @
The vslus Of The siivsr deposited and
purchased was $s7. 75ssi& In addition
there vas rsdspositsd silver amounting %
el62. ia
Of the gold deposited So. s7S.o27 was of
domestic production, $32.57I, IS Of foreign
gold bullion, 81 go 5ls Of foreign gold colns
ni0,ssa Of United States gold coin and ~
81. 2i9 o. old material.
The coinage Of the fiscal year was - fol-
lows; Gold, 3.52@.7S0 pieces, value ~
sa0.27s: silver. a. 23l, - pieces. value $Se.'
366, lSa: minor coins, 90 l66y5o0 pieces VAL
ne. SEASON..
In addition to the coinage executed dur.
Ing the year, gold and silver bars were
manufactured - followed: Golds SSH
e6s; silver. $6.4sl,6l
The silver bullion purchased during the
year for the silver dollar coinage vas ~
l3s.al2 standard ounces, Of the cost OF
35.9SS, go. The average cost was w.
l0,2 per fine ounce. The average London
price Tor the year, at the average rate Of
exchange, was &9e.14& The number OF
silver dollars made VAS 8, 20, ISL
Ten million, nine hundred and one thou.
sand. nine hundred and twenty-eight
silver dollars were distributed from the
mints during the year, and SIC. 100000
trans ferred to the treasury.
The seignorage on the silver dollars
coined during the year was 1898, 5oe, and
on the Subsidiary silver $3l.SoA The num-
Der Of trade dollars redeemed BY the
treasury Of the United States under pro
visions Of the act OF March 3 1881, au-
thorixing their redemption was S,6&, 036.
The number imported from the passage OF
the act 70 September 4, 1857, Was $40 S6i.
The trade dollars redeemed have all been
transferred to the mints or the assay ONCE
1t New York and melted into bars ready
for coinage
The loss BY abrasion was 40.2lAU
standard ounces, equivalent 70 1851
trade dollars. II the trade dollars r.
deemed are coined into subsidiary silver
the profit, exclusive OF operative
wasteags will b $65l, 574. II coined
into standard silver dollars. $4,000
The mint at Philadelphia has been
taxed to its utmost capacity 70 execute
the large minor coinage demanded Of 4
In addit ion to the mandatory coinage Of
silver dollars. Notwithsta nding the large
number Of pieces struck. the demand foi
minor coins is still far beyond the capa-
city Of the mint 20 promptly all the
orders.
The expenditures for the service Of the
mints and assay Offices during the year
were $l,1s9,509. The expenses OF the acid
refineries were Sl65. So, against an earning
Of Sli3.s5S The total earnings from al
sources amounted 70 s. g., SO, and tbs
total expenditures and losses Of all kind
70 81. 437, 49,.
The value OF the gold and silver bars f.
sued from the United States Assay Once
1t New York and the mint at Philadel.
phia Tor use in the Industrial arts during
the year was s. SO, 40 gold and =, $40
silver.
The director estimates the stock Of coin
IN the United States 20 have been on the
first Of July 1851, gold, So, ooe. o65; silver,
So. 7,9l6 In addition there was bull
ion in the minis as follows: Gold, $S5,512-
go; silver, SO. Al, $50.
The director estimates the stock Of gold
and silver coin in the United States on
November J, 1857, to have been: Gold
$574, s27,s73; silver dollars. ST., 1l0,l57;
subsidiary silver, SIS. 75S, ls6